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Guar seed futures down on subdued demand

Press Trust of India  |  New Delhi 

Guar seed prices on Friday fell by Rs 3.5 to Rs 4,314 per 10 quintal in futures trade as participants reduced their holdings in line with weak market trend.

Marketmen attributed the downward trend in guar seed futures to weak demand at spot market amid increasing supplies from growing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for November delivery fell by Rs 3.5, or 0.08 per cent, to Rs 4,314 per 10 quintal with an open interest of 28,800 lots.

Similarly, the contracts for December delivery shed Rs 8.5, or 0.20 per cent, to Rs 4,289 per 10 quintal with an open interest of 85,630 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 08 2019. 13:30 IST